13F filing recap · Q4 2020

What did Semper Augustus buy in Q4 2020?

Reported stock-position changes between this filing and the previous one.

Stock value

$228.69M

Positions

Estimated turnover

17.1%

Turnover is a proxy: verified trade-origin share changes valued at period-end and divided by average reported stock value. SEC holdings reports do not disclose execution dates or prices. Corporate actions and unreconciled activity are excluded.

New positions

VLOValero Energy Corp/tx$6.01Mreported value+106.2K shares HFCHollyfrontier Corporation$5.41Mreported value+209.1K shares PSQUSDProshares Trust$1.31Mreported value+91.1K shares

Increased positions

NEMNewmont Corporation$19.44Mreported value+10.6K shares+3.4%MCYMercury General Corp$15.66Mreported value+83.7K shares+38.7%KGCKinross Gold Corp$9.23Mreported value+40.6K shares+3.3%XOMExxon Mobil Corp.$6.51Mreported value+15.1K shares

Reduced positions

BRK.BBerkshire Hathaway Inc$46.30Mreported value-6.7K shares-3.2%OLNOlin Corp$17.79Mreported value-850 shares-0.1%SBUXStarbucks Corporation$11.24Mreported value-17.9K shares-14.6%DISWalt Disney Co/$7.00Mreported value-37.8K shares